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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (LOSS) (USD $)
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Revenue    
Sales of systems $ 0 $ 14,079,796
Contingent rental income 177,607 260,775
Total revenue 177,607 14,340,571
Cost of sales    
Cost of systems 21,904 10,900,912
Total cost of sales 21,904 10,900,912
Gross profit 155,703 3,439,659
Interest income on sales-type leases 6,305,716 3,824,840
Total operating income 6,461,419 7,264,499
Operating expenses    
General and administrative 844,975 1,082,446
Total operating expenses 844,975 1,082,446
Income from operations 5,616,444 6,182,053
Non-operating income (expenses)    
Interest income 39,289 92,588
Interest expense (912,573) (1,494,496)
Investment income 11,313 0
Other expenses (415,391) (980)
Total non-operating expenses, net (1,277,362) (1,402,888)
Income before income tax 4,339,082 4,779,165
Income tax expense 1,237,529 1,360,054
Income before noncontrolling interest 3,101,553 3,419,111
Less: Income (loss) attributable to noncontrolling interest (21,471) 120,921
Net income attributable to China Recycling Energy Corp 3,123,024 3,298,190
Other comprehensive items    
Foreign currency translation loss attributable to China Recycling Energy Corp (1,412,485) 325,334
Foreign currency translation gain attributable to noncontrolling interest (2,978) 11,774
Comprehensive income attributable to China Recycling Energy Corp 1,710,539 3,623,524
Comprehensive income (loss) attributable to noncontrolling interest $ (24,449) $ 132,695
Basic weighted average shares outstanding (in shares) 60,912,775 50,224,350
Diluted weighted average shares outstanding (in shares) 61,103,645 50,945,906
Basic earnings per share (in dollars per share) $ 0.05 $ 0.07
Diluted earnings per share (in dollars per share) $ 0.05 $ 0.07